PDMR Dealing

RNS Number : 7137S
Driver Group plc
15 July 2022
 

DRIVER GROUP PLC

 

("Driver" or the "Group")

 

PDMR Dealings

Driver Group PLC (AIM: DRV), the global professional services consultancy to the construction and engineering industries, announces that it has entered into an agreement with Mr Hugo Frans Bol, Managing Director Mainland Europe (the "Agreement").

As part of the Agreement, the Group has today issued 100,000 new ordinary shares of 0.4 pence each in the Group (the "Award Shares") held in Treasury and has granted nil cost options over 150,000 Ordinary Shares under the Group's share option scheme (the "Options") to Mr. Bol. The Options vest on receipt, subject to certain conditions. The issue price for the Award Shares is 34 pence per share, being the closing price the day the Agreement was entered into.

Following the issue of the Award Shares, Hugo Frans Bol holds 100,000 Ordinary Shares representing 0.2 per cent. of the Group's issued share capital.

 

To satisfy the issue of the Award Shares, 100,000 existing Ordinary Shares were transferred from treasury on 15 July 2022

Following the transfer of the Award Shares, the issued share capital of the Company consists of 53,962,868 Ordinary Shares of which 1,217,342 are held in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in Driver is 52,745,526 . This figure of 52,745,526 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

Driver Group plc                                                                   020 7377 0005

Mark Wheeler (CEO) 

David Kilgour (CFO)

 

Singer Capital Markets (Nomad & Broker)                            020 7496 3000

Sandy Fraser 

Will Goode 

 

Acuitas Communications                                                       020 3687 0868

Simon Nayyar    simon.nayyar@acuitsascomms.com

Edward Lee                                                                              edward.lee@acuitascomms.com

 

Details of the transactions can be found in the Notification of Dealing Form below. 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Hugo Frans Bol

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Driver Group plc

b)

 

LEI

 

 

213800FN83KF8AF4Y572

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 0.4 pence each

 



Identification code

GB00B0L9C092



b)

 

Nature of the transaction

 

 

Issue of Award Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




34 pence

100,000







d)

 

Aggregated information

N/A - Single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

15 July 2022

 

f)

 

Place of the transaction

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Hugo Frans Bol

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Driver Group plc

b)

 

LEI

 

 

213800FN83KF8AF4Y572

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over Ordinary Shares of 0.4 pence each

 



Identification code

GB00B0L9C092



b)

 

Nature of the transaction

 

 

Grant of Options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

150,000







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

15 July 2022

 

f)

 

Place of the transaction

 

 

Outside a trading venue - grant of options

 

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